Guideline Value for KARUNANIDHI SALAI 6TH STREET

Karunanidhi Salai 6th Street guideline value

The current guideline value of Karunanidhi Salai 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Karunanidhi Salai 6th Street has changed

The guideline value for Karunanidhi Salai 6th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 355%. However, by 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The subsequent revision in 2023 saw the value rise to Rs 2,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 2,700 per sq.ft, an increase of 8% from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 391%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Karunanidhi Salai 6th Street.

• Karunanidhi Salai 5th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 7th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 4th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 8th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 3rd Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 9th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Salai 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For a detailed calculation, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karunanidhi Salai 6th Street?

The Sub Registrar Office that covers Karunanidhi Salai 6th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perambur

The guideline value plays a crucial role during the registration of property transactions in Perambur. When a property is sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions. This value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 6th Street?

The current guideline value of Karunanidhi Salai 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 391% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, which is the same as the current guideline value for Karunanidhi Salai 6th Street.

Where is the Sub Registrar Office located for this street?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covering Karunanidhi Salai 6th Street.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000.